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Which exchange rates are used to calculate the NZD value of my investment cost?
Which exchange rates are used to calculate the NZD value of my investment cost?

We use exchange rates from the European Central Bank.

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Written by Support
Updated over a month ago

For Hatch Tax Reports, we calculate your investment cost using the exchange rate from USD to NZD on the day a transaction (buy or sell order) happens. We use the European Central Bank (ECB) daily exchange rates.

If a transaction happened on a weekend or a day the ECB hasn’t published a rate for, we backtrack until we find the last date a rate was published. For example, if your buy order was completed on a Sunday, we’d use the previous Friday’s USD/NZD rate.

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